Description: This year, the legislature enacted the Tennessee Investor Services Act. This Act allows the creation of self-settled, spendthrift trusts. This teleseminar will provide a review of the benefits of the TAP Trust, how to establish and maintain a TAP Trust; taxation of a TAP Trust under the income tax laws and the estate and gift tax laws; limitations of the TAP Trust; and a review of alternatives to the TAP Trust.
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